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Author Topic: Will October be the start of the green months to bull run peak?  (Read 1298 times)
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August 30, 2024, 01:31:04 PM
 #21

Just because some of the past Septembers are bad months for Bitcoin doesn't mean all Septembers are bad. There were bad Septembers but there were also good ones. But it is sad to note that for the past several Septembers the figures are in red. Perhaps this is due to the ghost month's effect spilling over to the month that immediately follows.

But yes Octobers are generally good. The entire last quarter in fact. And it usually extends to the first two months of the following year. I'm not expecting this September to be bad though. In fact there were already bullish attempts for the past days, unsuccessful though but I expect a better attempt next month.
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August 30, 2024, 02:34:17 PM
 #22

Although we have previous market records where it shows monthly changes and situations, I still don't think it is enough to say that the month of October is green or red. It still remains uncertain. However, we usually see significant price rises during the 4th quarter, making us think that there is possible good market movement. We could have some confidence, but of course, we don't have to expect too much, knowing that the direction may not be the same as the usual trend we experienced in previous years.

I think the best thing to do is to help ourselves be ready for that and make a good buy before the market starts to rise again. The ATH is not yet arriving, which is why we are hoping for it once again before the year ends or early next year. 
 

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August 30, 2024, 02:56:04 PM
 #23

Although we have previous market records where it shows monthly changes and situations, I still don't think it is enough to say that the month of October is green or red. It still remains uncertain. However, we usually see significant price rises during the 4th quarter, making us think that there is possible good market movement. We could have some confidence, but of course, we don't have to expect too much, knowing that the direction may not be the same as the usual trend we experienced in previous years.
All records are for reference only and we must have at least two different plans to keep our investment capital safe. Plan A is what will we do if history repeats like October or Q4 will have good green candle and ROI. Plan B is what will we do if these things won't happen, history won't repeat itself this time.

By these plans, we are well prepared for different situations and won't be in financial troubles when market moves opposite to our only plan.

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I think the best thing to do is to help ourselves be ready for that and make a good buy before the market starts to rise again. The ATH is not yet arriving, which is why we are hoping for it once again before the year ends or early next year. 
With experienced investors who have good plans and good capital resource, DCA is a best strategy. Thinking too much about the market, what it will move next, won't help us too much while if we focus on working, DCAing, our actual investment capital will naturally increase with time, and when bull market comes, profit will come naturally and massively.

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August 30, 2024, 03:01:54 PM
 #24

If you look at the link below and scroll down to the chart showing monthly history for Bitcoin you can see September is one of the worst months but October one of the best.

If you look at the last cycle from October 2020 to March 2021 , Bitcoin had 6 consecutive green months going into the bull run peak.

Can we expect this again ?

This is my first bull run and I think September will be pretty similar to August, very up and down. But once October comes things should start getting better again and I expect us to have a good Q4 and Q1 of 2025.

https://www.coinglass.com/today
That is certainly something to be expected although it is still not certain because every year there are always changes that are not fundamental although it is also not wrong to look at examples of what has happened in Bitcoin in two different years. However, it is still not certain because some external influences that can still cause a little chaos in the market must also be looked at although everyone can hope for the best for Bitcoin and the market in the time frame you mentioned.

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August 30, 2024, 03:53:15 PM
 #25

October has been historically good for bitcoin and that's the reason why many say it "Uptober".
Although that sounds cool but it doesn't necessarily mean it's always gonna be like that.
The possibility for bitcoin price to spike up is good though as it has been almost 5 months now since we have seen a really good pump in BTC price.
Let's just hope that Uptober really kicks in this time too so that we can be in good shape again.
Looking at the history of October being a green candle people expect this month to be a bullrun but we never know what the expectation will be because it may miss the red, but when it will enter bullish it will not be much different from the previous historical range.

Uptober trending again? Especially if bitcoin returns to $70K it is still very likely that October will be a green market for bitcoin and in September it is still doubtful this is almost the same as August.

We will see how the market reacts in the next two months.

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August 30, 2024, 05:00:40 PM
 #26

October has been historically good for bitcoin and that's the reason why many say it "Uptober".
Although that sounds cool but it doesn't necessarily mean it's always gonna be like that.
The possibility for bitcoin price to spike up is good though as it has been almost 5 months now since we have seen a really good pump in BTC price.
Let's just hope that Uptober really kicks in this time too so that we can be in good shape again.
Looking at the history of October being a green candle people expect this month to be a bullrun but we never know what the expectation will be because it may miss the red, but when it will enter bullish it will not be much different from the previous historical range.

Uptober trending again? Especially if bitcoin returns to $70K it is still very likely that October will be a green market for bitcoin and in September it is still doubtful this is almost the same as August.

We will see how the market reacts in the next two months.

Yes ofcourse, BTC has been trading near $59k for quite a while and has been trying to break $62k - $64k range.
It has a good support at the current level and so chances are good that it will break the resistance and pump up.
If this happens it will be in synce with the Uptober trend  Grin

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August 30, 2024, 06:23:18 PM
 #27

Hi ,

If you look at the link below and scroll down to the chart showing monthly history for Bitcoin you can see September is one of the worst months but October one of the best.

If you look at the last cycle from October 2020 to March 2021 , Bitcoin had 6 consecutive green months going into the bull run peak.

Can we expect this again ?

This is my first bull run and I think September will be pretty similar to August, very up and down. But once October comes things should start getting better again and I expect us to have a good Q4 and Q1 of 2025.

https://www.coinglass.com/today


There are many indicators in the market that's already showing that September is going to be a bloody month in bitcoin market. Although that's is a good sign and it's also an opportunity for people to fill up their bags, while waiting for the full blown bullrun. The year is gradually coming to and end and it's expected that that the market starts picking up. There is every possibility that October will be the beginning of the uptrends. Although we can't fully rely on past events to fully determine what the future will look like, but sometimes we leverage on the past events to predict the future.

R


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August 30, 2024, 07:34:50 PM
 #28

~~~
That is certainly something to be expected although it is still not certain because every year there are always changes that are not fundamental although it is also not wrong to look at examples of what has happened in Bitcoin in two different years. However, it is still not certain because some external influences that can still cause a little chaos in the market must also be looked at although everyone can hope for the best for Bitcoin and the market in the time frame you mentioned.
Maintain your optimism about long-term goals and don't worry too much about current market conditions. I can say that currently the market gives us all the opportunity to accumulate, while I am sure many of us will ignore this opportunity due to uncertainty and hesitation. In all likelihood, the market will recover and the bull run will begin, but of course it will take time and more investor involvement on it.

Towards September the price of bitcoin was also corrected. This is a sign that some investors are wary of another possibility in late August. I believe myself that the market will recover in September, but the new ATH cannot be expected to become a reality yet.

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August 30, 2024, 07:44:02 PM
 #29

We will see if the same thing will happen exactly the same or not, sometimes it does happen exactly the same, but if you look at the charts monthly then you will see that sometimes the opposite happens too. I have seen Decembers that break ATH, and I have seen Decembers that destroy the price, does that means I should buy or sell? Or just stick with my idea for a long term? I know that it is going to be fine, and there is nothing wrong with just keep doing what you believe is right, and I will keep doing that as much as possible. I know that it's a tough situation but we should consider how that could be a good thing in the end.

I believe that it will take a while, but we are going to get this done one way or another. If we keep trusting what we are doing is right and we have good idea why we think that way, then we can keep holding and then September or October doesn't matter, you wait however long you have to wait and you will get a good result eventually.

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August 30, 2024, 08:24:02 PM
 #30


Can we expect this again ?



We can have high expectations for Bitcoin and there is nothing wrong with that, but whether our expectations come true or not is something that no one can be sure of, because a bull run is not something that can be easily predicted by just reading the chart, but it is an event that is quite difficult to happen, even when there is some positive news in the market it has not been able to trigger a bull run. So let's just be realistic and be patient waiting for it to come true.
Yes, that's right. We may predict and have high expectations for Bitcoin because Bitcoin has a history and has a cycle that is likely to occur even though the pattern is not the same. Because the current market situation cannot be compared to the history of last year or several years ago because the market also follows the global economic situation and is definitely different every year.

Indeed, if you look at its history, October has always been a good moment for Bitcoin. But still, back to the beginning, it's okay to hope, but you still have to be careful because Bitcoin cannot be predicted accurately. What is clear is that we are getting closer to the bull run, but we don't know what month it will happen, but before that happens, keep doing dca on bitcoin so you don't miss out.

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August 31, 2024, 12:57:53 PM
 #31

Hi ,

If you look at the link below and scroll down to the chart showing monthly history for Bitcoin you can see September is one of the worst months but October one of the best.

If you look at the last cycle from October 2020 to March 2021 , Bitcoin had 6 consecutive green months going into the bull run peak.

Can we expect this again ?

This is my first bull run and I think September will be pretty similar to August, very up and down. But once October comes things should start getting better again and I expect us to have a good Q4 and Q1 of 2025.

https://www.coinglass.com/today
This winter will be one of the best winters for Bitcoin. Price is already near ATH and it's standing very strong. If Trump wins the presidential election, there will be a significant boost in crypto market performance and there will be a bullish season for Bitcoin. Price will reach it's ATH in the spring and then something will happen that will crash crypto and price will go down again and then we will have to wait for the next halving.

This is what has been happening since 2016 and I'm 100% confident that it will happen this year too.

many people believe that cycles repeat
Because cycles repeat. Looking at charts since 2016, the cycle repeats and there is a tendency among everyone that it will repeat, which makes this approach stronger. I remember in the past few years how Bitcoin's price was falling but then the rumour about Amazon accepting Bitcoins came and the price started increasing again.

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August 31, 2024, 01:49:16 PM
 #32

Hi ,

If you look at the link below and scroll down to the chart showing monthly history for Bitcoin you can see September is one of the worst months but October one of the best.

If you look at the last cycle from October 2020 to March 2021 , Bitcoin had 6 consecutive green months going into the bull run peak.

Can we expect this again ?

This is my first bull run and I think September will be pretty similar to August, very up and down. But once October comes things should start getting better again and I expect us to have a good Q4 and Q1 of 2025.

https://www.coinglass.com/today
This is a really true observation and such that I can relate with, the possibility of this been the eventuality is very high because actually there has been a halving thst has happened already so very much possible is the chances of this same pattern happening this period again but it's not a financial advice for which we would invest upon but if we you see this as such you can risk with, then make sure it's a risk you can handle if it happens it doesn't go as expected.

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August 31, 2024, 04:25:24 PM
 #33

Based on the history of Coinglass, it is still likely that October will be an uptrend, the usual cycle will not be much different, but certainly we cannot determine whether this will be accurate or not, the last quarter will be a green trend.

September seems to be more lopsided for bitcoin, I don't know if this is almost exactly like August or not, as far as always proving September to be a red flag for the crypto market.

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August 31, 2024, 09:19:21 PM
 #34

Last quarter has been historically the best quarter for Bitcoin in terms of returns, but as we always say, past performance doesn't guarantee future results.

A different thing is that, because many people believe that cycles repeat, it may become a self-fulfilling prophecy. It has nothing to do with TA, but with psychology and investor sentiment.

I am one of those who believe that we will see a surge in price past the previous ATH before the end of the year, and a bullish progression in general next year (maybe before a trend reversal by the end of 2025). But this is pure speculation.
Everything remains pure speculations since the future with crypto will always be uncertain. But somehow with those previous years, October is really performing well and since it's within the last quarter of the year, the expectation to gain more bullish price is high, although market price fluctuations and price corrections will still be happening from time to time. That's already the nature of crypto so it will always be possible regardless if the market is bullish.

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August 31, 2024, 10:05:04 PM
 #35

Heres my brief take for most of what we've done in recent weeks.  We seem to be in an expanding range of BTC price action:




Im not sure to take it negatively exactly but it certainly seems to be a trend that the highest prices possible and also the lowest are further apart in possibility each month.  Hence I think we do break the range of prices kept since March and do something new and that is the story of the autumn and ending months for 2024.

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August 31, 2024, 11:09:13 PM
 #36

Hi ,

If you look at the link below and scroll down to the chart showing monthly history for Bitcoin you can see September is one of the worst months but October one of the best.

If you look at the last cycle from October 2020 to March 2021 , Bitcoin had 6 consecutive green months going into the bull run peak.

Can we expect this again ?

This is my first bull run and I think September will be pretty similar to August, very up and down. But once October comes things should start getting better again and I expect us to have a good Q4 and Q1 of 2025.

https://www.coinglass.com/today



In fact, if we look at past Bitcoin price cycles, this month's candlesticks are more likely to occur. Meanwhile, the signs of the beginning of the bull market are coming very quickly, as the Bitcoin price will start the process of increasing in the market with enough volume.
 Since August, the price of Bitcoin has been hovering between $58k and $63k for a long time. However, it is highly likely that Bitcoin price will touch $70k this September, as Bitcoin price is on a relatively bullish target.


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royalfestus
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August 31, 2024, 11:21:53 PM
 #37

I believe the bullish momentum should begin this year. Sentiment plays a crucial role during a bullish season, and if this market downturn drags on much longer, it could negatively impact traders, trading volume, and overall market sentiment. The recent pump is pivotal and essential for supporting the upward trend

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September 01, 2024, 03:51:20 AM
 #38

I think October will mark the last month to get in before the big one kicks off in my opinion. It seems like every cycle by the time Halloween comes it is obvious that Bitcoin is headed to new highs. That is my expectation again this year but we will see. I know I’m still happily accepting BTC with thought it will be worth a lot more in a year.

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September 01, 2024, 04:02:26 AM
 #39

Hi ,

If you look at the link below and scroll down to the chart showing monthly history for Bitcoin you can see September is one of the worst months but October one of the best.

If you look at the last cycle from October 2020 to March 2021 , Bitcoin had 6 consecutive green months going into the bull run peak.

Can we expect this again ?

This is my first bull run and I think September will be pretty similar to August, very up and down. But once October comes things should start getting better again and I expect us to have a good Q4 and Q1 of 2025.

https://www.coinglass.com/today


Nothing can be said based on guesswork. Especially in the crypto currency market nothing can be said and said even though it may not be correct. What may or may not have happened in a unique year may not happen this year. But October seems to me to go over the green candle. As we are now in the last quarter of 2024 and there is a possibility of a Q1 bull market in 2025 we can expect October to be a good one. So let us invest and proceed with the investment. If the market is good then surely we can get success with huge profit from our investment.

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September 01, 2024, 07:03:45 AM
 #40

I think October will mark the last month to get in before the big one kicks off in my opinion. It seems like every cycle by the time Halloween comes it is obvious that Bitcoin is headed to new highs. That is my expectation again this year but we will see. I know I’m still happily accepting BTC with thought it will be worth a lot more in a year.

Yeah, historically October in a post halving year is where it all started, parabolic rise up to the end of the year. I remember that last post halving year, very similar movement until we hit October till December in 2020 and we have uptick of +27.7%, +42.95%, and +46.92%.

So if the cycle continues then we can say that we should just be holding for now, and continue to accumulate as much as we can before that one big one kicks in and the rest of the months followed.


https://www.coinglass.com/today

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